Wireless Brain Sensors Market: Global Industry Forecast (2022-2029) by Product, Application, End Use and Region

Wireless Brain Sensors Market was valued at USD 432.67 million in 2021 and is expected to reach USD 985.42 million by 2029, exhibiting a CAGR of 10.84% during the forecast period (2022-2029).

Wireless Brain Sensors Market Overview and Dynamics:

Wireless brain sensor helps in detecting brain signals which offer information about vital brain parameters such as temperature, cranial pressure, pH levels, etc. Henceforth, even when the patient is not in a medical setting, these wireless sensors assist in monitoring the patient's brain activity. The creation of wireless brain sensors, which have broad applications in the field of neurophysiological treatment, is a result of developments in communication technology. Wireless Brain Sensors Market To know about the Research Methodology :- Request Free Sample Report Global wireless brain sensor market is expected to grow continuously and accordingly generating higher profit margin. Parkinson's disease affected about 1 million Americans in 2020, which is more than Lou Gehrig's illness (also known as Amyotrophic Lateral Sclerosis), multiple sclerosis, and muscular dystrophy all together. More than 10 million people will have Parkinson's disease globally. According to the World Health Organization (WHO), traumatic brain injury has an annual incidence of 558 per 100,000 persons in the USA. Additionally, there are currently expected to be 47 million dementia sufferers globally, and by the year 2030, that figure is expected to rise to 75 million. By 2050, the number of dementia cases is expected to nearly quadruple. Growing Prevalence Rate of Traumatic Brain Injuries (TBI): Wireless brain sensors market will experience an increase in demand thanks to the rising occurrence of traumatic brain injuries (TBI). A blow, bump, or shock to the head that results in temporary or permanent brain injury is what causes TBIs. TBIs are frequently brought on by gunshot wounds, falls, domestic abuse, and automobile accidents, among other things. Furthermore, the increase in traffic accidents will fuel demand for wireless brain sensors and accelerate the market's expansion. The rising incidence of neurological illnesses such Parkinson's disease, Alzheimer's disease, epilepsy, and others is a crucial factor contributing to the market's growth. Additionally, rising healthcare spending capacity and improvements in the healthcare infrastructure are the main factors that will accelerate market growth. Rapid urbanisation and rising disposable incomes in both developing and developed nations will have an impact on the market growth for wireless brain sensors. The segment's leading market share is a result of the increasing prevalence of traumatic brain injuries (TBI) on a global scale. For instance, the American Association of Neurological Surgeons estimates that there are over 1.7 million TBI cases in the United States each year. In the United States alone, 5.3 million people struggle with a TBI-related disability. Costs associated with TBI are expected to be between 48 and 56 billion USD annually. Each year, 80,000–90,000 people begin to endure long-term or permanent problems brought on by TBI. The use of wireless brian sensors is growing as TBI is becoming more common, which will likely lead to faster market growth. According to the MMR report, Traumatic Brain Injuries Treatment Market is expected to reach US$ 6.5 Bn. at a CAGR of 8.5% during the forecast period 2029. Wireless Brain Sensors Market 1Recently, A team from the University of California San Diego received USD 6.0 million from DARPA to develop nanotechnology therapy for preventing TBI. The blood-brain barrier presents a physiological barrier that can potentially be overcome by nanotechnology in order to deliver treatments. Arkansas Children's Hospital has decided to purchase TRIUXTM neo for functional brain imaging in August 2021. When diagnosing individuals with a variety of conditions, such as epilepsy, brain tumours, traumatic brain injury, post-traumatic stress disorder, and autism, this will aid in the detecting capability. Demand is Rising Owing to Advances in Technology and Emerging Economies: The development of high-data-rate, low-power wireless brain sensors by scientists is expected to simplify neuroscience research compared to a decade ago. The system is designed to make brain research possible, which is now not achievable with sensors connected by cables. The method successfully sent detailed and important information from animal models while they slept, woke up, or exercised, according to the results. Additionally, the continued development of technology is probably going to have a significant impact on market growth in the future. Increased traffic accident frequency, government initiatives, and advancements in the clinical development framework of developing nations are additional reasons promoting firm progress. This factor increases the wireless brain sensors market opportunity for wireless brain sensors in the next years. Adoption Of Unhealthy Lifestyle: The global acceptance of inactive lifestyles is one of the key factors driving the market for wireless brain sensors. Alcoholism and smoking are only two examples of the unhealthy lifestyle choices that might lead to stroke and migraine. Governmental Initiatives Are Growing: The growth of the wireless brain sensors market will benefit from the increase in government initiatives and improvements in emerging countries' clinical development frameworks. Furthermore, the market for wireless brain sensors will continue to rise at a faster rate in the future owing to increasing demand from emerging regions and technological advancement.

Wireless Brain Sensors Market Restraints:

On the other hand, expensive sensor costs and difficult-to-understand product functionality will hinder sales growth. Additionally, the market for wireless brain sensors would be hampered by tight safety and validation laws. Nevertheless, over the forecast period a lack of qualified specialists and compatibility problems would act as a restraint and further hinder the market's growth rate. This market study on wireless brain sensors includes information on recent developments, trade laws, import-export trends, production analysis, value chain optimization, market share, and the effects of domestic and local market competitors. It also examines potential revenue pockets, regulatory shifts, strategic market growth, market size, category market expansions, application niches and dominance, product approvals, and product launches.

Wireless Brain Sensors Market Segmentation:

Product Segment Outlook, Electroencephalography (EEG) Devices segment dominated the global Wireless Brain Sensors market with a revenue largest share in 2021. The electrical activity of the brain can be recorded using EEG equipment. The tool assists in gathering brain electrical activity. The signals are amplified and digitalized after which they are transferred to a computer or mobile device for data processing and storage. Sleep disorders is expected to register a CAGR of 11.2% during the 2022-2029. The number of people who have trouble sleeping has increased significantly because of the fast-paced nature of life. People are experiencing chronic stress, anxiety disorders, and depression in greater numbers. Global prevalence of sleep disorders is increasing, which is driving demand for sleep monitoring technology and propelling the growth of the wireless brain sensor market. End-use Segment Outlook: hospitals segment is expected to grow at the highest CAGR of during the forecast period. Currently, hospitals are advancing technologically. Modern medical technology is frequently used in hospitals to provide improved care. These instruments not only streamline treatment procedures but also deliver better, faster, and more accurate results. Most neurological diseases and disorders, including severe TBIs, are diagnosed and treated using state-of-the-art equipment, by qualified neurologists, and in specialized hospitals. In addition, chttps://www.emotiv.com/ompared to clinics or other end users, hospitals experience a substantially higher volume of patients with head injuries.

Wireless Brain Sensors Market 2Wireless Brain Sensors Market Reginal Analysis:

In 2021, North America Wireless Brain Sensors market held the largest market share. This growth is attributed to the rising number of neurological diseases and developments in the research field of wireless brain sensors. For instance, according to the Brain Tumor Society's 2022 update, there are currently an estimated 700,000 primary brain tumour sufferers in the United States, and an additional 88,970 cases are anticipated to be identified in that year. Additionally, the Alzheimer's Association 2022 report estimates that over 6 million Americans are coping with the disease. This figure is anticipated to increase to 13 million by 2050. The same source estimates that Alzheimer's and other dementias will cost the country USD 321 billion in 2022. These expenses are projected to increase to around $1 trillion by 2050. The US is expected to lead North America Wireless Brain Sensors Market, generating revenue worth $XX Mn by 2029. This growth is attributed to the high prevalence of TBI & Alzheimer's among people, a strong presence of giant US market players, and growing technological advancements. furthermore, rising R&D spendings, soaring demand for wireless sensors as a result of people's increased stress and anxiety levels, which are linked to sleep disorders, and rising risks of hemorrhagic and ischemic stroke as a result of unhealthy lifestyles all contribute to the wireless brain sensors market's growth during the forecast period. The wireless brain sensors market has greater opportunity for growth in Europe. The development in innovative technologies, the growth of government-funded brain research initiatives, and lowered regulations for market participants' admission into the region all contribute to the region's high market demand.

Wireless Brain Sensors Market: Vendor Highlights

The MMR report presents a detailed analysis of the major players in the wireless brain sensors market globally. The market is moderately fragmented due to the existence of various local enterprises. These market actors seek to enhance their market share by utilising a variety of marketing strategies, including as the introduction of new products, investments, partnerships, and mergers and acquisitions. Additionally, the companies are spending money on improving their products. Additionally, they are focusing on providing affordable costs. Such as, Neuroelectrics, a leader in brain stimulation technologies and treatments, raised USD 17.5 million in a Series A financing round with the support of Morningside Ventures in May 2021. The money will be used to enhance Neuroelectrics' non-invasive transcranial electrical stimulation therapeutic technology as well as clinical trials in refractory focal epilepsy and at-home treatment of refractory depression. Hiber-AI, a first-of-its-kind technology, and a non-wearable sleep tracker that gathers, evaluates, and takes action on sleep data in real time were introduced by Sleepme Inc. in September 2022. These two items are included in the new sleepme+ membership. Hiber-AI will change the bed temperature in accordance with a person's most recent real-time sleep data when the award-winning Dock Pro Sleep System is used in conjunction with the sleep tracker. MMR offers a complete research technique that involves primary research as well as data triangulation based on top-down and bottom-up approaches to verify the estimated market sizes. The information needed to estimate the market size and forecast for various segments at the global, regional, and national levels was gathered using the most trustworthy public sources and interviews with the right stakeholders. For a certain forecast period, a market's growth rate, or CAGR, is estimated based on a variety of factors and their relative relevance to the wireless brain sensors market. These components include market drivers, market restraints, industry difficulties, market and technological advances, market trends, etc. Porter looks at the market's competitiveness, new entrants, supplier and buyer power, and the risks posed by competing goods and services in MMR Report. PESTLE identifies variables including politics, economy, socio-culture, technology, law, and the environment that could have an impact on an organization's competitive position.

Wireless Brain Sensors Market Scope: Inquiry Before Buying 

Wireless Brain Sensors Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 432.67 Mn.
Forecast Period 2022 to 2029 CAGR: 10.84 % Market Size in 2029: US$ 985.42 Mn.
Segments Covered: by Product • Electroencephalography (EEG) Devices • Sleep Monitoring Devices • Intracranial Pressure (ICP) Monitors • Transcranial Doppler (TCD) Devices • Others
by Application • Dementia • Epilepsy • Parkinson's Disease • Traumatic Brain Injuries • Others
by End-use • Hospitals • Research Institutes • Others

Wireless Brain Sensors Market by Region

• North America • Europe • The Asia Pacific • The Middle East and Africa • South America

Wireless Brain Sensors Market Key Players:

Emotiv (US) • Advanced Brain Monitoring, Inc. (US) • Edwards Lifesciences Corporation (US) • BrainScope (US) • NeuroWave Systems Inc (US) • Cadwell Industries, Inc (US) • Jordan NeuroScience, Inc (US) • Quest Diagnostics Incorporated (US) • Natus Medical Incorporated (US) • General Electric (US) • NeuroSky (US) • Muse (New York) • Neuroelectrics (Spain) • Brain Products GmbH (Germany) • Koninklijke Philips N.V. (Netherlands) • Siemens Healthcare GmbH (Germany) • Compumedics Limited (Australia) • Medtronic (Ireland) • Nihon Kohden Corporation (Japan) Frequently asked questions: 1. What is the market growth of the Wireless Brain Sensors Market? Ans. Wireless Brain Sensors Market was valued at USD 432.67 million in 2021 and is expected to reach USD 985.42 million by 2029, exhibiting a CAGR of 10.84 % during the forecast period (2022-2029). 2. Which are the top players in the Wireless Brain Sensors Market? Ans. The key players in this market Emotiv, Advanced Brain Monitoring, Inc., Muse and Neuroelectrics 3. Which region is anticipated to account for the largest Wireless Brain Sensors Market market share? Ans. North America is anticipated to dominate the Wireless Brain Sensors Market, 4. what is the forecast period for the Wireless Brain Sensors Market? Ans. The forecast period for the Wireless Brain Sensors Market is from 2022 to 2029. 5. what is the segment in which the Wireless Brain Sensors Market is divided? Ans. The Wireless Brain Sensors Market is fragmented based on Product, Application and End Use
1. Global Wireless Brain Sensors Market Size: Research Methodology 2. Global Wireless Brain Sensors Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Wireless Brain Sensors Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Wireless Brain Sensors Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Wireless Brain Sensors Market Size Segmentation 4.1. Global Wireless Brain Sensors Market Size, by Product (2021-2029) • Electroencephalography (EEG) Devices • Sleep Monitoring Devices • Intracranial Pressure (ICP) Monitors • Transcranial Doppler (TCD) Devices • Others 4.2. Global Wireless Brain Sensors Market Size, by Applications (2021-2029) • Dementia • Epilepsy • Parkinson's Disease • Traumatic Brain Injuries • Others 4.3. Global Wireless Brain Sensors Market Size, by End Use (2021-2029) • Hospitals • Research Institutes • Others 5. North America Wireless Brain Sensors Market (2021-2029) 5.1. North America Wireless Brain Sensors Market Size, by Product (2021-2029) • Electroencephalography (EEG) Devices • Sleep Monitoring Devices • Intracranial Pressure (ICP) Monitors • Transcranial Doppler (TCD) Devices • Others 5.2. North America Wireless Brain Sensors Market Size, by Applications (2021-2029) • Dementia • Epilepsy • Parkinson's Disease • Traumatic Brain Injuries • Others 5.3. North America Wireless Brain Sensors Market Size, by End Use (2021-2029) • Hospitals • Research Institutes • Others 5.4. North America Wireless Brain Sensors Market, by Country (2021-2029) • United States • Canada • Mexico 6. Europe Wireless Brain Sensors Market (2021-2029) 6.1. Europe Wireless Brain Sensors Market, by Product (2021-2029) 6.2. Europe Wireless Brain Sensors Market, by Applications (2021-2029) 6.3. Europe Wireless Brain Sensors Market, by End Use (2021-2029) 6.4. Europe Wireless Brain Sensors Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Wireless Brain Sensors Market (2021-2029) 7.1. Asia Pacific Wireless Brain Sensors Market, by Product (2021-2029) 7.2. Asia Pacific Wireless Brain Sensors Market, by Applications (2021-2029) 7.3. Asia Pacific Wireless Brain Sensors Market, by End Use (2021-2029) 7.4. Asia Pacific Wireless Brain Sensors Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. Middle East and Africa Wireless Brain Sensors Market (2021-2029) 8.1. Middle East and Africa Wireless Brain Sensors Market, by Product (2021-2029) 8.2. Middle East and Africa Wireless Brain Sensors Market, by Applications (2021-2029) 8.3. Middle East and Africa Wireless Brain Sensors Market, by End Use (2021-2029) 8.4. Middle East and Africa Wireless Brain Sensors Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. South America Wireless Brain Sensors Market (2021-2029) 9.1. South America Wireless Brain Sensors Market, by Product (2021-2029) 9.2. South America Wireless Brain Sensors Market, by Applications (2021-2029) 9.3. South America Wireless Brain Sensors Market, by End Use (2021-2029) 9.4. South America Wireless Brain Sensors Market, by Country (2021-2029) • Brazil • Argentina • Rest of South America 10. Company Profile: Key players 10.1. Emotiv (US) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Advanced Brain Monitoring, Inc. (US) 10.3. Edwards Lifesciences Corporation (US) 10.4. BrainScope (US) 10.5. NeuroWave Systems Inc (US) 10.6. Cadwell Industries, Inc (US) 10.7. Jordan NeuroScience, Inc (US) 10.8. Quest Diagnostics Incorporated (US) 10.9. Natus Medical Incorporated (US) 10.10. General Electric (US) 10.11. NeuroSky (US) 10.12. Muse (New York) 10.13. Neuroelectrics (Spain) 10.14. Brain Products GmbH (Germany) 10.15. Koninklijke Philips N.V. (Netherlands) 10.16. Siemens Healthcare GmbH (Germany) 10.17. Compumedics Limited (Australia) 10.18. Medtronic (Ireland) 10.19. Nihon Kohden Corporation (Japan)

About This Report

Report ID 171612
Category Information Technology & Telecommunication
Published Date Jan 2023
Updated Date
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